According to the research report titled ‘Europe Intensive Care Beds Market Size By End-use, Application, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026‘, available with Market Study Report, Europe intensive care beds market is anticipated to exceed USD 1.7 billion by the year 2026.
 

Increasing incidences of COVID-19, rising geriatric population in Italy, and growing number of hospital admissions are driving the growth of Europe intensive care beds market. Moreover, European countries have started to increase hospital capabilities to treat the growing number of COVID-19 patients, hence contributing to the market growth.
 

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Growing incidences of chronic diseases has also propelled the demand for intensive care beds across Europe. On the downside, ICU beds being costlier than other hospital beds, is a factor likely to restrain the market growth in Europe.
 

Based on type, electric beds segment accounted for major revenue share in 2019 and is projected to witness 3% CAGR over 2020-2026, mainly due to growing adoption of technologically advanced beds. Rising incidences of cardiovascular diseases, diabetes, respiratory disorders, and other medical emergencies is creating huge demand for patient care services, in turn compelling the hospitals to increase the number of hospital beds to accommodate patients.
 

Speaking of application scope, specialized ICU segment was worth USD 245 million in 2019. These units offer several advantages such as better physician convenience, medical expertise, reduction in diagnosis & treatment variability. and low risk of infections. Faster recovery period and shortened the length of stay are promoting the popularity of specialized ICUs, thereby fostering the demand for intensive care beds.
 

From end-user spectrum, Europe intensive care beds market share from hospitals is expected to amplify substantially during the forecast period, owing to growing cases of COVID-19, increase in hospital capabilities, and significant rise in hospital admissions. For example, in Lombardy, the total capacity of ICU beds was 842, which then rose to 1500, amidst the pandemic.
 

Regionally, Italy intensive care beds market was remunerated at USD 28 million in 2019 and is projected to grow momentously during 2020-2026, owing to rise in the admission of patients in hospitals suffering from COVID-19 and other chronic diseases.
 

Key players operating in Europe intensive care beds market are Savion Industries, Stryker Corp., Hill-Rom Holdings Inc., Favero Health Projects, Getinge, Invacare, Nitrocare, Medline, Malvestio, Joh. Stiegelmeyer & Co. GmbH, Merivaara, and Span-America Medical Systems Inc.